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Aaaaand we’re again! With our Thanksgiving mini-hiatus behind us, it’s time for one more version of Week in Overview — the e-newsletter the place we rapidly wrap up probably the most learn TechCrunch tales from the previous seven(ish) days. Irrespective of how busy you’re, it ought to provide you with a reasonably good thought of what folks had been speaking about in tech this week.
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most learn
Instafest goes instaviral: You’ve most likely been to an awesome music competition earlier than. However have you ever been to 1 made only for you? Most likely not. Instafest, an internet app that went tremendous viral this week, helps you daydream about what that competition would possibly appear like. Register along with your Spotify credentials and it’ll generate a promo poster for a fake competition based mostly in your listening habits.
LastPass breached (once more): “Password supervisor LastPass mentioned it’s investigating a safety incident after its techniques had been compromised for the second time this 12 months,” writes Zack Whittaker. Investigations are nonetheless underway, which sadly means it’s not tremendous clear what (and whose) knowledge would possibly’ve been accessed.
ChatGPT opens up: This week, OpenAI extensively opened up entry to ChatGPT, which helps you to work together with their new language-generation AI via a easy chat-style interface. In different phrases, it allows you to generate (typically scarily well-written) passages of textual content by chatting with a robotic. Darrell used it to immediately write the Pokémon cheat sheet he’s at all times needed.
AWS re:Invents: This week, Amazon Net Providers hosted its annual re:Invent convention, the place the corporate exhibits off what’s subsequent for the cloud computing platform that powers an enormous chunk of the web. This 12 months’s highlights? A low-code instrument for serverless apps, a pledge to provide AWS prospects management over the place on this planet their knowledge is saved (to assist navigate more and more difficult authorities insurance policies), and a instrument to run “city-sized simulations” within the cloud.
Twitter suspends Kanye (once more): “Elon Musk has suspended Kanye West’s (aka Ye) Twitter account after the latter posted antisemitic tweets and violated the platform’s guidelines,” writes Ivan Mehta.
Spotify Wraps it up: Every year in December, Spotify ships “Wrapped” — an interactive characteristic that takes your Spotify listening knowledge for the 12 months and presents it in a brilliant visible manner. This 12 months it’s obtained the easy stuff like what number of minutes you streamed, however it’s additionally branching out with concepts like “listening personalities” — a Myers-Briggs-inspired system that places every person into one in every of 16 camps, like “the Adventurer” or “the Replayer.”
DoorDash layoffs: I hoped to go every week with no layoffs story cracking the record. Alas, DoorDash confirmed this week that it’s shedding 1,250 folks, with CEO Tony Xu explaining that they employed too rapidly in the course of the pandemic.
Salesforce co-CEO steps down: “In a single week final December, [Bret Taylor] was named board chair at Twitter and co-CEO at Salesforce,” writes Ron Miller. “One 12 months later, he doesn’t have both job.” Taylor says he has “determined to return to [his] entrepreneurial roots.”
audio roundup
I anticipated issues to be a little quiet in TC Podcast land final week due to the vacation, however we someway nonetheless had nice exhibits! Ron Miller and Rita Liao joined Darrell Etherington on The TechCrunch Podcast to speak in regards to the departure of Salesforce’s co-CEO and China’s “nice wall of porn”; Group Chain Response shared an interview with Nikil Viswanathan, CEO of web3 improvement platform Alchemy; and the ever-lovely Fairness crew talked about every part from Sam Bankman-Fried’s wild interview at DealBook to why all three of the co-founders at financing startup Pipe stepped down concurrently.
TechCrunch+
What lies behind the TC+ members-only paywall? Right here’s what TC+ members had been studying most this week:
Classes for elevating $10M with out giving up a board seat: Reclaim.ai has raised $10 million during the last two years, all “with out giving up a single board seat.” How? Reclaim.ai co-founder Henry Shapiro shares his insights.
Consultants are the brand new nontraditional VC: “Why are so many consultant-led enterprise capital funds launching now?” asks Rebecca Szkutak.
Fundraising in occasions of higher VC scrutiny: “Founders could also be discouraged on this atmosphere, however they should do not forget that they’ve ‘foreign money,’ too,” writes DocSend co-founder and former CEO Russ Heddleston.
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